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20130115
20130123
Search Results 0 to 8 of about 9 (some duplicates have been removed)
? >> reporter: democrats have been setting very strong signals they want more tax increases or at least revenue enhancements through closing loopholes and deductions. majority leader cantor responded to that yesterday. listen up. >> well, you know i fundamentally disagree. i don't think most americans would say to give more money to washington to have washington spend their money is a way to help anybody. >> reporter: also yesterday, the president strongly defended social security, medicare and medicaid and with anp a parent jab at his defeated opponent mitt romney said those entitlement do not make us a nation of takers. republicans have long-held those entitlements are on the road to insolvency unless they are fundamentally restructured. martha. martha: doug, thank you. doug mckelway. bill: house republicans say they hope the move will shift the focus to spending and push the senate into passing a budget. remember it has been four years since the senate passed a budget in washington. >> i think it is about time the senate did its legal responsibility of passing a budget. we passed one each of
's capitol. >> talk a little bit about the potential for more tax hikes. with house republicans talking about that and a leading democrat coming out saying that congress needs more money in order to reach the numbers they have to get to. he says there is really no way around that except higher taxes. here is charles schumer. >> $1.7 trillion in cuts. we've done $600 billion in revenues. you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas
on your debt. well we have 2 1/2 trillion dollars coming into the treasury every year in tax revenue. we can use that tax revenue to pay the interest on our debt. therefore, we will not default. all this talk about being a deadbeat nation, that belies the fact that we have never, and will never default on our obligations. the obligation being to pay the interest on the debt. we're not a deadbeat nation and we're not going to default, period. yes. period. martha: comes down to the big question whether or not you will cut spending in order to not default on your debt. and that brings us to a larger question or one of the larger questions, which is whether or not we will be downgraded if we don't become more responsible with our spending? >> interesting you should raise that issue, martha, because 45 minutes ago, fitch, the ratings agency said, if we have another delay in raising this debt ceilingsing, if we have this political standoff again just like we had in 2011, fitch says we may be downgraded. his name is david reilly. he is managing director at fitch and he said if it is just like 2
have a jam-packed show ahead for today. outrage after a new report shows billions of your tax dollars are going overseas to try to create energy jobs here. hmmm. how would that work? the shocking congressional report calling the government's stimulus program, a failure. bill: also as the president gets ready to start his second term he may get help in a way no other president has done before. the new move by the white house that has all the political watchers calling it unprecedented. karl rove reacts on that. martha: brand new numbers on the nationwide flu outbreak as another state reports a concerning shortage of the vaccine. >> we've been going through it very quickly. so we've at times we're out and you know, as soon as we get it in there is definitely high demand one. two. three. my credit card rewards are easy to remember with the bankamericard cash rewards credit card. earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas. no hoops to jump through. i earn more cash back on the things i buy the most. [ woman ] it's as easy as... one! -two. -[
that is on the airwaves now. watch this. >> mr. obama demands the wealthy pay their fair share of taxes but he is just another elitist hypocrite when it comes to a fair share of security. protection for their kids, and gun free zones for ours. bill: that is part of it. wendell goler live on the north lawn. what is the reaction to the nra ad, wendell. >> reporter: frankly none, bill. aides say they have no more desire for a confrontation with the nra than they already have. people will see secret service protection for the first family is no more elitist than protection for the president himself. in the wake of the newtown massacre, polls show public opinion in favor of many measures mr. obama will announce today. press secretary jay carney says it will take more than gun controls to make our children safe. >> this is something that we have to address as a nation. it is not something you can do alone through executive action. it is not something you can do with even a series of laws that, congress might pass. this is a problem that touches on a variety of areas of american life. and it needs to be appr
in response to what they call republican blackmail. art laffer, architect of the reagan tax cuts in the 1980s. good morning to you. >> good morning, bill. i'm fine. bill: blackmail, what do you say? >> blackmail! i think part of the normal checks and balances in government. when the democrats have president and controlled of the senate they don't like republicans to control their spending when. republicans are in control, democrats don't like it. it is a tool used by congress to make sure that we have fair and balanced policy going forward. the one i love, bill, if you look at "the wall street journal" today they have barack obama's speech before the senate when bush was president. and how he was going to vote against raising the debt ceiling and he made this beautiful speech, all of which is perfectly correct. it just now he is on the opposite side of the equation. it is a silly argument. bill: he went on to explain as he has see things differently as senator than president in the white house. >> of course you do. >> some conservatives argue this. i want to get your feeling on this. focus on
Search Results 0 to 8 of about 9 (some duplicates have been removed)